SURVEY: More Listed Companies Are Engaging with Sovereign Funds

January 31, 2016

According to BNY Mellon’s global investor relations survey, Global Trends in Investor Relations, listed companies are continuing to increase their outreach with sovereign wealth funds. 65% of the survey’s respondents have engaged with sovereign wealth funds over the past year, up from 57% in 2013. Sovereign wealth funds are perceived to be long-term, intergenerational institutional investors. More importantly, wealth funds can be viewed as strategic sources of patient capital. According to the survey, Norges Bank Investment Management (42%), Singapore’s GIC Private Limited (38%), and Abu Dhabi Investment Authority (30%) remain the top three sovereign funds engaged with by global companies.

“Global firms continue to expand and enhance their engagement with current shareholders, but we’ve seen an interesting shift,” said Christopher M. Kearns, CEO of BNY Mellon’s Depositary Receipts business in a press release. “Responses indicate that after a post-crisis period focused almost solely on investors amid intense competition for capital, companies now are devoting more time to other IR activities, such as board member involvement, enhancing senior managers’ visibility, and improving relationships with analysts.”

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